620 Moran Street

Closed 11/28/17
Closed 11/28/17
Photo 1
Last Sold Price
$420,000
4 beds3 baths2,258 sqft$186/sqft
620 Moran StReno, NV89502

Description

Now is the time to get in on the ground floor in this emerging neighborhood before prices go up further! 620, 620 1/2 and 620 A Moran are three fully-permitted units with separate entrances in the Wells Avenue Bungalow District. Located on a quiet street with off-street parking in a rapidly redeveloping area, this 1947 multifamily is within walking distance of downtown, MidTown, VA and Renown hospitals, Greater Nevada Field and the vibrant Wells Avenue Neighborhood., MidTown prices are sky-high,...Now is the time to get in on the ground floor in this emerging neighborhood before prices go up further! 620, 620 1/2 and 620 A Moran are three fully-permitted units with separate entrances in the Wells Avenue Bungalow District. Located on a quiet street with off-street parking in a rapidly redeveloping area, this 1947 multifamily is within walking distance of downtown, MidTown, VA and Renown hospitals, Greater Nevada Field and the vibrant Wells Avenue Neighborhood., MidTown prices are sky-high, and South East Reno/ Wells Avenue is a great neighborhood for small and large scale investors to grow their property portfolio, or owner-occupiers to have a part (or all) of their mortgage paid by rental income. A mid 5 CAP makes this a very attractive option for a reasonable return on investment. The charm of 620 Moran is not immediately evident from the street, but all units have small yards, there is a oversized 2 car garage, and 620 has original tile work, wood floors and interior architectural details. Inside the walls are updated wiring and plumbing.
LISTING CLOSED: 11/28/2017 12:00 AM

  1. Listed by Samuel Olson • RE/MAX Professionals-Reno
    P: (775)-313-6744 sam@olsonrealestategroup.com

Property Details for 620 Moran Street

Status
Closed
MLS #
170009699
Days on Compass
155
Taxes
$1,088 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income / Duplex
Year Built
1947
Lot Size
0.16 AC / 6,969 SF
County
Washoe County
Zoning
MF14
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Location

Listing Courtesy of RE/MAX Professionals-Reno, Samuel Olson, License #S.177508

Sold By Ferrari-Lund Real Estate Reno, Barrie Lynn, License #S.62979

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Building Information for 620 Moran Street

Stories2Residences3Year Built1947Building Size-Lot Size0.16 AC / 6,969 SF

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$2,225 per month

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Principal and Interest

$2,135

Property Taxes

$91

HOA Dues

$0

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Property Information for 620 Moran Street

Summary
Location and General Information
  • Directions: S Wells Avenue to Moran Street
  • Address:Parcel Number: 01310103
Taxes and HOA
  • Association Amenities: Barbecue
  • Association Fee: $0
  • Tax Annual Amount: $1,088
  • Tax Legal:Tax Annual Amount: $1,088
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Additional Parcels Description: 2 SFR on 1 APN
  • Tax Legal:Zoning: MF14
  • Tax Legal:Directions: S Wells Avenue to Moran Street
  • AssociationCommunity:Number Of Buildings: 2.0
  • Association Amenities:Barbecue: Yes
Parking
  • Attached Garage YN: No
  • Parking Features: Alley Access, Assigned, Garage, RV Access/Parking
  • Parking Total: 6.0
  • Parking Information:Parking Total: 6.0
  • Parking Features:Alley Access: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Garage: Yes
  • Parking Features:RV Access/Parking: Yes
Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Square Feet: 6969.6
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 2258.0
  • Lot:Lot Size Acres: 0.16
  • Lot:Lot Size Square Feet: 6969.6
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 01310103
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1947
  • Property Sub Type: Duplex
  • Number Of Buildings: 2
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Electric: True
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Phone Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Utilities:Water Meter Installed: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Electric: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: Yes
  • Meter Information:Separate Electric Meters YN: Yes
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Separate Water Meters YN: No
  • Meter Information:Separate Water Heaters YN: Yes
  • Meter Information:One Primary Electric Meter YN: No
  • Meter Information:One Primary Gas Meter YN: No
  • Meter Information:One Primary Water Meter YN: Yes
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Patio, Deck
  • Stories: 2
  • Construction Materials: Asbestos, Frame, Wood Siding
  • Fencing: Back Yard, Front Yard, Full
  • Foundation Details: Crawl Space
  • Roof: Composition, Pitched, Shingle
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds, Single Pane Windows
  • Building:Number Of Units Total: 3.0
  • Building:Stories: 2.0
  • Construction Materials:Asbestos: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Fencing:Back Yard: Yes
  • Fencing:Front Yard: Yes
  • Fencing:Full: Yes
  • Foundation Details:Crawl Space: Yes
  • Outdoor Living Spaces:Deck: Yes
  • Outdoor Living Spaces:Patio: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:None: Yes
  • Window Features:Blinds: Yes
  • Window Features:Single Pane Windows: Yes
Interior Features
  • Cooling: Electric
  • Cooling YN: Yes
  • Flooring: Carpet, Vinyl
  • Heating: Electric, Forced Air, Natural Gas, Wall Furnace
  • Heating YN: Yes
  • Laundry Features: In Unit, Washer Hookup, Varies By Unit
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Disposal, Gas Range, Refrigerator
  • Interior:Building Area Total: 2258.0
  • Interior:Building Area Source: Assessor
  • Cooling:Electric: Yes
  • Flooring:Carpet: Yes
  • Flooring:Vinyl: Yes
  • Heating:Electric: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes
  • Appliances:Disposal: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:In Unit: Yes
  • Laundry Features:Varies By Unit: Yes
  • Laundry Features:Washer Hookup: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $3,427
  • Gross Scheduled Income: $31,800
  • Net Operating Income: $28,373
  • Income and Expenses:Annual Income & Expenses: Actual
  • Income and Expenses:Gross Scheduled Income: $31,800
  • Income and Expenses:Net Operating Income: $28,373
  • Income and Expenses:Total Annual Expenses: $3,427
  • Income and Expenses:Vacancy Allowance: $0
Multi Family Information
  • Number Of Units Total: 3

Property History for 620 Moran Street

DateEvent & SourcePriceAppreciation
Nov 28, 2017

Sold

NNRMLS #170009699

$420,000—
Oct 18, 2017

Sold (Public Record)

Public Record #610599735

$420,000

+5.4% / yr

Sep 29, 2017

Pending

NNRMLS #170009699

—
DateEvent & SourcePrice
11/28/2017

Sold

NNRMLS #170009699

$420,000
10/18/2017

Sold (Public Record)

Public Record #610599735

$420,000

+5.4% / yr

09/29/2017

Pending

NNRMLS #170009699

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 620 Moran Street

Taxable ValueLand$59,500Additions$31,686Total$91,186
Tax Record2025$1,732 ($144 / month)
Home Facts
Baths3Total Finished SqFt1,808 SqFtAbove Grade Finished SqFt904 SqFtFinished Basement SqFt904 SqFtStories1Lot Size7,000 SqFtStyleTriplexYear Built1947ZoningMF14CountyWASHOEAPN013-101-03Fireplace TypeHas Fireplace

Schools near 620 Moran Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Libby C Booth Elementary School
Public - PK to 5
E Otis Vaughn Middle School
Public - 6 to 8
Earl Wooster High School
Public - 9 to 12
Marvin Picollo School
Public - PK to 12
Rating
School
Distance
Libby C Booth Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster High School
Public9 to 12

Marvin Picollo School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Professionals-Reno, Samuel Olson, License #S.177508

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.